The Barter Network

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The Barter Network
Private Company
Industry Barter & Alternative currency
Founded 2006
Headquarters Winter Park, Florida, United States
Key people

G. Jason Bergenske,

President & CEO
Products Financial services
Revenue Increase US $4.2 Million (2010)
Website www.TheBarterNetwork.net

The Barter Network is a commercial trading network of companies in the United States founded in 2006 by Bergenske Enterprises, Inc. of which G. Jason Bergenske, President and CEO owns 100% of the corporation's shares. The Barter Network has grown to over 700 companies. These companies trade among each other using a medium of exchange called a trade dollar.

Operation[edit]

Upon joining the TBN network, members agree to accept TBN Trade Dollars, instead of USD legal tender, when they sell to another TBN member. The trade dollars are electronically (via telephone or internet) transferred by the seller from the buyer’s trade dollar account. TBN members also agree to sell their goods and services on par with their cash everyday selling price.

History[edit]

The Barter Network Currency[1]

The Barter Network originally opened its doors in 2006 in Sanford, Florida just outside Orlando. In November 2007 they outgrew their offices and moved to Winter Park, Florida.[2]

Corporate governance[edit]

Growth[edit]

The Membership Card[3]

Their trade volume for 2006 was $786K
Their trade volume for 2007 was $1.06 million in 2007.[4]
Their trade volume for 2008 was $1.8 million, an increase of 58% over $1.06 million in 2007.[5]
Their trade volume for 2009 was $2.7 million[6]
Their trade volume for 2010 was $4.2 million

Media Interests[edit]

NEWS ARTICLE: A bartering boom has hit Central Florida as Orlando-area businesses try to survive in today's economy using The Barter Network system.[7]

ON TELEVISION: A bartering boom has hit Central Florida as Orlando-area businesses try to survive in today's economy using The Barter Network system.[8]

Tax implications[edit]

In the United States, it is generally not possible to avoid income taxes by bartering one's services. According to the IRS, "The fair market value of goods and services exchanged must be included in the income of both parties."[9] The barter in many cases must be reported on Form 1099-B and Schedule C.[10]

Industry associations[edit]

  • International Drive Chamber of Commerce.[11]
  • Central Florida International Chamber of Commerce[12]
  • World Connect Chamber of Commerce

See also[edit]

References[edit]

External links[edit]